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Think of the alternative minimum tax as the government's 2-drink minimum

Oct 9, 2017
It's designed to ensure all taxpayers pay their fair share, including those with higher incomes.
Alternative tax filers have to file their taxes twice, under form 1040 and form 6251. The higher tax is paid.
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The fight over how to attach a value to the GOP tax plan

Oct 5, 2017
The U.S. House of Representatives approved a $4.1 trillion budget plan today. That brings us closer to a tax overhaul, because the passage of the spending blueprint will make it easier for Republicans to push a tax plan through. That’s not to say it will be easy: There are a whole lot of big-deal questions […]

"Let's be honest. Corporate taxes are pretty low," this CEO says.

Oct 5, 2017
We check in with Lisa Goldenberg of Delaware Steel, who believes it's the American people who are suffering.
Income tax form at the Des Plaines Public Library in Illinois.
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Why is corporate interest a flashpoint for tax cutters?

Oct 4, 2017
For some companies, the deduction is key to doing business. For others, it's a fat loophole.
Senate Majority Leader Mitch McConnell speaks about tax reform as Speaker of the House Paul Ryan, Sen. Orrin Hatch and other congressional Republicans listen last month in Washington, D.C.
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Taking the deficit out of the battle over tax reform

Oct 3, 2017
When Congress finally gets down to hashing out a tax plan, there’s going to be a lot of  talk about whether it needs to be deficit neutral.  But what does that really mean, and how do you get there? A whole lot of gimmickry.  Click the audio player above to hear the full story.

Why so much of the U.S. tax code is social policy

Oct 2, 2017
Our tax code supports a whole lot of social programs. No wonder it's complicated.
Piles of tax forms at the 58th Street Library in New York City.
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Trump’s tax plan: Who gets the money?

Sep 29, 2017
A look at what the proposal will mean for the economy.
President Donald Trump delivers remarks on tax reform to the National Association of Manufacturers at the Mandarin Oriental Hotel today in Washington, D.C.
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There’s a lobbyist behind every Washington, D.C., corner

Sep 29, 2017
The only issue that could possibly affect more Americans than health care is taxes. And as you might expect, lobbyists and trade organizations of all stripes and sizes have something to say about the new GOP tax framework. Capitol Hill is about to become a hornet’s nest of lobbying activity, as multiple parties seek their […]

It may be touted as a tax plan for the middle class, but there are a whole lot of benefits for the rich, too

Sep 28, 2017
President Trump and his team have repeatedly said over the last few weeks that their tax bill won’t include tax cuts for the wealthy. It’s a promise the president repeated yesterday and that his economic adviser, Gary Cohn, echoed this morning on “Good Morning America.” But how true is that claim? Click the audio player […]

Tax cut for the rich or payday for the middle class? The battle to win the messaging war

Sep 27, 2017
Republicans, Democrats and lobbyists are choosing words carefully to sell their positions.
Senate Minority Leader Chuck Schumer speaks to the press about tax reform in Washington, D.C., in August.
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